Choose your investment strategy
Choosing an investment strategy gives you more control over your retirement savings. All members of First State Super have a choice of ten investment strategies for their superannuation.
Pre-mixed
Single asset class
It is not compulsory to make a choice but if you wish, you can choose a different strategy or strategies for your current account balance, future contributions and
rollovers. A switch to your existing account balance will normally take effect on the 5th working day after your properly completed election to switch is received.
A change to your future contributions strategy will generally take effect within three working days of receipt of your properly completed election.
Choosing an investment strategy
While First State Super cannot make a recommendation about which investment strategy is suitable for you, see the "Investing your super" section of the First State Super Product Disclosure Statement.
If you DON’T choose
Your current account balance will be invested in the default strategy for your age (see The Trustee’s default strategy below).
- Your future contributions will be invested in the default strategy for your age (see The Trustee’s default strategy below).
- A rollover from another superannuation fund will be invested in the same investment strategy as your future contributions.
If you DO choose
- You can choose from ten investment strategies for your current balance, future contributions and each rollover.
- You can choose different strategies for your current balance, future contributions and each rollover, and you can mix the strategies in any
combination. For example, a member could choose to invest 50% of their current account balance in Australian Equities and 50% in Balanced; and 100% of future contributions in Capital Guarded.
- If you choose a strategy for one or more of your current balance, future contributions or rollovers, you are no longer a ‘default’ strategy member and
the automatic default change at age 56 will no longer be applicable.
- Choosing or switching your investment strategies for your current account balance does not affect your investment strategy for your future
contributions or rollovers. Your future contributions and rollovers will be invested in the existing future contributions strategy, unless you nominate a
different strategy for a particular rollover.
- Your investment election to switch your balance will normally take effect on the 5th working day after it has been received. If you are switching your
account balance and making a different election for your future contributions at the same time, any contribution processed before the switch will form
part of the account balance being switched.
- Making an investment strategy choice for one rollover does not affect the investment strategy for any other rollover. You must make a separate
investment strategy choice for each rollover to the Fund if you wish to have a different investment strategy for that rollover.
- Over time the value and proportion of your investment strategy choice may change and differ from the percentage amounts of your election.
If you make an INVALID choice
We cannot process your investment strategy choice form unless it is completed correctly. If your form is invalid, for example, it is not correctly signed, then we
will write to you advising that your choice is invalid and requesting a correction. Until we receive the correct form:
- Your current account balance will remain in the existing current account balance strategy.
- Your future contributions will remain in the existing future contributions strategy.
- Rollovers will be invested in the existing future contributions strategy.
The Trustee’s default strategy
The default strategy chosen by the Trustee is based on your age (less than 56 – Diversified strategy; 56 and over – Balanced strategy). When a default strategy
member turns 56, their account balance automatically switches to the Balanced strategy and, unless you advise us otherwise, all future contributions and
rollovers will be automatically invested in the Balanced strategy.
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